The US trade war “will not kill Hong Kong” given the city’s increasingly diversified exports in recent years, with only 3 per cent of goods expected to be affected, the Trade Development Council has said. Council director of research Irina Fan Yuen-yee said on Saturday that only about half of Hong Kong’s exports to the…
US President Donald Trump has said that Chinese President Xi Jinping called him amid the trade war between Washington and Beijing. Trump’s comments come as reports are saying that China is ‘quietly’ rolling back some of its tariffs on the US. China and US have been at loggerheads since April 2 when Donald Trump announced…
Amid a tariff war with United States, China on Sunday, April 20, warned all countries against striking up broader business deals with America that undermine its interests. Chinese Commerce Ministry warned the world in a statement that Beijing will take “countermeasures in a resolute and reciprocal manner” if any deals with the US are made…
International investors are accelerating their efforts to channel capital to the Hong Kong and mainland Chinese markets amid the US tariff war, the finance chief has said, pledging to promote the city’s status as a safe haven for global funds and as a free port. Financial Secretary Paul Chan Mo-po noted on Sunday that in…
International investors are accelerating their efforts to channel capital to the Hong Kong and mainland Chinese markets amid the US tariff war, the finance chief has said, pledging to promote the city’s status as a safe haven for global funds and as a free port. Financial Secretary Paul Chan Mo-po noted on Sunday that in…
Washington’s plans to exempt some electronic devices from its 125 per cent so-called “reciprocal” tariffs has provided a glimmer of hope for Chinese suppliers serving major US multinationals such as Apple and Tesla, but the road ahead for China’s vast electronics sector still appears tough, analysts and industry insiders say. Many smaller Chinese electronics firms…
China on Sunday called on the United States to “completely cancel” its reciprocal tariffs after Washington announced exemptions for consumer electronics and key chipmaking equipment. “We urge the US to… take a big step to correct its mistakes, completely cancel the wrong practice of ‘reciprocal tariffs’ and return to the right path of mutual respect”,…
President Xi Jinping will set off on a tour of three Southeast Asian countries next week as Beijing urgently seeks to strengthen ties with its neighbours amid an intensifying tariff war with Washington. Confirming an earlier report by the Post, the Chinese foreign ministry said on Friday that Xi would visit Vietnam on Monday, followed…
The tit for tat between the United States of America (USA) and China continues. In continuation with the same, China has announced an export ban on 12 American companies. In a statement, China’s Ministry of Commerce, said, “In accordance with the relevant provisions of the Export Control Law of the People’s Republic of China and…
Donald Trump said on Monday that he would not pause his tariff agenda, which had sent global markets into a tailspin, raised fears of a global recession, and prompted several countries to call for negotiations. U.S. President Donald Trump meets with Israeli Prime Minister Benjamin Netanyahu (not pictured) in the Oval Office at the White…